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First Time Buyers Initiative, 3towers - Urban Splash

The First Time Buyers’ Initiative

The First Time Buyers’ Initiative has been set up by English Partnerships as part of the government’s Homebuy scheme and Urban Splash are delighted that Sylvia will be their second development to be part of this initiative following on from the success at Chimney Pot Park.

Click here to register your interest...

First Time Buyers’ Initiative is designed to enable first time buyers, who cannot otherwise afford to buy a new home, to purchase a new property with an affordable mortgage and with government assistance to top up what they can already borrow from a bank...simple really! The idea is that the buyer can then pay some, or all, of the money back to the government once, and if, they are in a position to do so.

“We want to make the process as straight forward as possible for people buying through the First Time Buyers Initiative,” said Nicola Wallis, director of sales, Urban Splash. “As buying your first home is one of the biggest decisions of your life, to be able to offer more people the opportunity to do that through schemes like FTBI is fantastic. At Urban Splash we want people to enjoy living in our homes and FTBI is proving a great success at helping first time buyers on to the property ladder.”

What you need to do:

  1. Register your interest at www.3towers.co.uk
  2. Fill out an application form which can be found on the Homebuy agent, Plumlife’s website www.plumlife.co.uk along with the full terms and conditions for the FTBI. Plumlife will assess your eligibility for FTBI.
  3. Come along to the information week at the new show apartment in Christabel, 3towers from the 21st - 25th April 2008 and meet the Urban Splash sales team. There will also be mortgage advisors and solicitors around should you need any help with the technical bits.
  4. If your application has been approved by Plumlife then you will have an opportunity to reserve an apartment of your choice from the 26th April 2008. Residents of Cheetham and Harpurhey wards have priority for this scheme, following which it will be on a first come, first served basis.

This is a great opportunity to get on the property ladder.

Should you require any further information then please call 0333 666 9999.

*Reduced purchase price based on the maximum assistance a qualifying buyer could secure from the First Time Buyers’ Initiative. 50% is the maximum government contribution. Some eligible buyers will qualify for lower levels of assistance. Eligibility conditions apply. When owners sell their FTBI home, they will repay the government’s contribution by way of a share of the future sale proceeds.

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